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Topic: HashFast announces specs for new ASIC: up to 800GH/s [Non Self Moderated] (Read 6903 times)

hero member
Activity: 686
Merit: 500
FUN > ROI
A US District Judge has approved claims against bankrupt bitcoin mining company HashFast and two of its officers.

Judge Edward Davila, responding to a motion to dismiss filed by the defendants, sided with plaintiff Pete Morici by approving the claim that HashFast violated the Unfair Competition Law (UCL) – which prohibits "acts or practices which are unlawful, or unfair or fraudulent" – and additional allegations of fraud.

Morici alleges that he purchased two Baby Jets  – bitcoin mining hardware devices – worth $11,200 of bitcoin from HashFast but failed to receive his order as promised and was not offered a satisfactory refund.

[...]
sr. member
Activity: 392
Merit: 250
This company is way way beyond "fishy". "Not classy" would be a significant upgrade.

But but they just got a new sales droid who is going to make everything better!

https://www.linkedin.com/profile/view?id=5369332&authType=OPENLINK&authToken=aBTJ&trk=Skyline_click_NPS&sl=NPS%3B5750391395907973847%3B1%3B%3B

why don't we all contact here and bring her up to speed with the current state of things?

I'd say that she's realizing now that she's gotten into bed with a bunch of crooks and liars.  There will be a few weeks of denial and rationalizations, then a few of shock and indecision, followed by a couple of planning.  So, anticipated departure date:  Mid-May.
legendary
Activity: 1112
Merit: 1000
This company is way way beyond "fishy". "Not classy" would be a significant upgrade.

But but they just got a new sales droid who is going to make everything better!

https://www.linkedin.com/profile/view?id=5369332&authType=OPENLINK&authToken=aBTJ&trk=Skyline_click_NPS&sl=NPS%3B5750391395907973847%3B1%3B%3B

why don't we all contact here and bring her up to speed with the current state of things?
hero member
Activity: 966
Merit: 513
This company is way way beyond "fishy". "Not classy" would be a significant upgrade.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
pretty disgusting to see mining companies with peoples funds and the censorship is so not classy and fishy to say the least. 
hero member
Activity: 924
Merit: 1000
FWIW, it looks to me like they're selectively locking the other thread when they're not at the computer and can't be vigilantly deleting messages. Kinda crazy.

While it makes for good fun watching them try and rationalize their fraud why are you guys wasting your time arguing with them.  You should start a collection to hire a private investigator to get to the bottom of what is really going on.  I mean they had to think the price of BTC would either be stable or increase over time otherwise their whole business would have been sunk.  I'd be willing to bet this whole charade is just them trying to keep what is now $100 Million+ in BTC they collected.

+1 follow the BTC. It don't lie.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
You might want to lend support to this idea:

Self moderated topics have the warning at the top:

Quote
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.

One thing that may be of interest to someone reading such a topic would be to know some objective marker of how many posts were deleted that they can then make their own judgements about how reliable the content in it is. A simple change like this would be helpful:


Quote
This is a self-moderated topic with 230 of 400 posts deleted. If you do not want to be moderated by the person who started this topic, create a new topic.
legendary
Activity: 1176
Merit: 1001
Repost #5:

Hi cedivad,
The windfall-seekers are the very few people demanding a ~600% return on ~$100 BTC they spent a long time ago, to buy risky ASIC pre-orders.
The vast majority of HashFast customers are far more reasonable, and have every right to be antsy and impatient w/r/t shipment of their equipment.
Because there are so many moving parts in our supply chain, making a firm promise for a delivery date isn't going to happen (we've starred in that movie before, and it got terrible reviews).
All I can do at this point is assure everyone we are not a fly-by-night operation and are doing our very best to deliver ASAP.
That's not good enough for the haters suffering from HashFast Derangement Syndrome, but nothing ever is.   Undecided

It's interesting that you can't make a "firm promise for a delivery date" for MPP/upgrades or current customers but you can when trying to gather new orders for your may delivery.

Not many customers took advantage of the full refund provision, but some did, and they have been paid (except for those windfall-seekers who returned the check and now tell lies about how HashFast sent them nothing).
I received nothing, good luck with proving the opposite.

Anyway... The question is still why the hell your customers didn't received their machines if you claim to have build them? Are they "windfall-seekers" customers that are lying about not having received the hardware, since that you sent it? The same way you didn't send me a refund check?
Posted from Bitcointa.lk - #0JPx2lvhBgnH2hkQ
full member
Activity: 216
Merit: 100
Don't let the nam-shub in your operating system.
Since HFUCK_CF locked his thread:

From HFCF...
Quote
HashFast is working as hard as possible to build and deliver upgrade kits and MPP as fast as possible.

Our engineers and production staff work around the clock.  The idea we're resting on our laurels, or mining with customer equipment, or whatever the latest baseless FUD rumor (tropical island/hammock/mai tai) the forum dreams up, is ridiculous.

The HashFast Derangement Syndrome, where the haters spew endless negativity no matter what we do, is getting old.

Who's delusional ?  The only person working around the clock is the guy spouting all this crap...
newbie
Activity: 11
Merit: 0
FWIW, it looks to me like they're selectively locking the other thread when they're not at the computer and can't be vigilantly deleting messages. Kinda crazy.

While it makes for good fun watching them try and rationalize their fraud why are you guys wasting your time arguing with them.  You should start a collection to hire a private investigator to get to the bottom of what is really going on.  I mean they had to think the price of BTC would either be stable or increase over time otherwise their whole business would have been sunk.  I'd be willing to bet this whole charade is just them trying to keep what is now $100 Million+ in BTC they collected.
legendary
Activity: 1904
Merit: 1007
FWIW, it looks to me like they're selectively locking the other thread when they're not at the computer and can't be vigilantly deleting messages. Kinda crazy.

You have to admit that this is a newest low after BFL's crap and the fact that they need to lock the thread when they are offline shows how nobody cares about their ultra praised chip of 750GH/s. So much fail in just one company.
staff
Activity: 4284
Merit: 8808
FWIW, it looks to me like they're selectively locking the other thread when they're not at the computer and can't be vigilantly deleting messages. Kinda crazy.
legendary
Activity: 3234
Merit: 1220
So, now since they've specifically stated that they would denominate refunds in USD and have specifically stated that a refund in the event of a shrunk BTC value would result in *MORE* bitcoins, that means that a refund could be initiated now by people who pre-ordered back at the $1200 or $1000 mark, for a *positive bitcoin* "windfall," which would guarantee them a positive bitcoin INCREASE in a way which is guaranteed to give a better BTC ROI than mining with any HashFast equipment ever will.

Seriously, people who pre-ordered at the higher value should be asking for a refund now that they're not delivering basically at all.
Too bad that people who ordered in late november/december are locked in in a "we own your soul and we can unitarily change the terms" kind of tos.
(i can't find a reference in the tos to backup the claim that they can now unitarily change the terms, but i remember to have found it once)
Posted from Bitcointa.lk - #pypmofcJ6UA4t0MG

Really what all these miner manufacturers should put in their TOS is "if we do give out a refund it will be in whatever denomination is worth less at the time of refund"
legendary
Activity: 1176
Merit: 1001
So, now since they've specifically stated that they would denominate refunds in USD and have specifically stated that a refund in the event of a shrunk BTC value would result in *MORE* bitcoins, that means that a refund could be initiated now by people who pre-ordered back at the $1200 or $1000 mark, for a *positive bitcoin* "windfall," which would guarantee them a positive bitcoin INCREASE in a way which is guaranteed to give a better BTC ROI than mining with any HashFast equipment ever will.

Seriously, people who pre-ordered at the higher value should be asking for a refund now that they're not delivering basically at all.
Too bad that people who ordered in late november/december are locked in in a "we own your soul and we can unitarily change the terms" kind of tos.
(i can't find a reference in the tos to backup the claim that they can now unitarily change the terms, but i remember to have found it once)
Posted from Bitcointa.lk - #pypmofcJ6UA4t0MG
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
What it sounds like is HF got all giddy when they ran the numbers on how much DOUGH they could make if they took in customer BTCs and made promises to refund full BTCs if they did not meet their deadline.

After going through the process they realized they over promised and could not deliver realistically in any meaningful way hence the change in their ToS.

Now they have to redefine what "FULL BTC REFUNDS" means to be "FULL BTC REFUNDS DENOMINATED IN USD".

Two totally different meanings.

HashFast_CL is only posting defending HF because he hopes to sucker in more pre-order money for their UNICORN ASICs that have pots of gold at the end of the rainbow.

HashFail  Cheesy
member
Activity: 88
Merit: 37
So, now since they've specifically stated that they would denominate refunds in USD and have specifically stated that a refund in the event of a shrunk BTC value would result in *MORE* bitcoins, that means that a refund could be initiated now by people who pre-ordered back at the $1200 or $1000 mark, for a *positive bitcoin* "windfall," which would guarantee them a positive bitcoin INCREASE in a way which is guaranteed to give a better BTC ROI than mining with any HashFast equipment ever will.

Seriously, people who pre-ordered at the higher value should be asking for a refund now that they're not delivering basically at all.
legendary
Activity: 3878
Merit: 1193
Ah, yes, HashFast_CL can't handle debate. Reply and lock the thread. Good thing that won't shut people up.

Quote from: HashFast_CL
"Contract?"

Sorry, but that's just a post on an internet forum, not a contract.  The ToS are binding, not statements made during an extended period of relative BTC/USD stability (just prior to an unpredictable and unprecedented explosion in BTC value).

No, it wasn't a post on a forum. It was an email sent by an official HashFast account to a customer asking for clarification of the Terms of Service. It will be very valid in a court.
full member
Activity: 216
Merit: 100
Don't let the nam-shub in your operating system.
Quote
We built the machines we were paid for;

Then send me my FUCKING MACHINE YOU FUCK!

(saving one more)
legendary
Activity: 1112
Merit: 1000
Quote from: HashFast_CL
   
Re: HashFast announces specs for new ASIC: up to 800GH/s
Today at 16:26:15
 #248
Once again, the only reason this thread is locked is because cedavid and others are spamming it.

This is a clear violation of the message they get ever time I delete their hate/rage/troll posts.

If the mods would simply enforce the rules for this subforum, it wouldn't be a problem.  But they don't, so it is.

Sorry to all who wish to post here!



If Hashfast would simple run their business according to the rules of eh good business, we would all have received our equipment in December 2013 and January 2014 and none of us would be complaining right now

Until we get the equipment we pre-paid and the matching MPP, people will keep complaints about the fact that Hashfast ripped them off.

Not hard to understand, right?
legendary
Activity: 1176
Merit: 1001
Reposts #10: (thanks HF_CL, i don't even need to clear the clipboard, it's already there)
(BOT update: no, it's fast enought to just click a button when the handy email notifications pop-up).


No I won't because it won't go anywhere. The complaint triggered a letter to HF to see if the complaint could be resolved between company and HF. Because HF went the legal route that option is now off the table. The Department of Justice in the State of California is prohibited by law from representing individual citizen's legal interests in civil matters.

They will retain my customer complaint and the response on behalf of HF by Zuber Lawler & Del Duca in case legal action is taken against HF by their office in the future. In that case the complaint can be used as evidentiary material and provide vital documentation for use on behalf of California consumer's interests.

You were supposed to deliver devices IN TIME. Devices which were supposed to mine back the BTC invested in them to the least.
Actually, given the risks someone takes with investing in ASICs, your devices should have a HIGH chance of mining back the BTC invested in the devices PLUS some extra for the risks taken.

There is no doubt that the BTC price shooting up while you were producing your ASICs would tempt a lot of manufacturers to pretend there being difficulties postponing the delivery while they are mining on the devices produced themselves while manufacturing the next batch for their customers which they again will use to mine themselves if it is too profitable still and postpone the delivery again.

Not saying you did that... or am I?


Are you seriously telling people to be happy to get a 10k USD refund for their 100 btc investment, when if they did not invest in your fucked up company they would have 65k USD worth now in BTC?

F U seriously

If cedivad mentions his lawyer *and* boasts about his overweening absolute confidence in a court victory, you take two shots.

Court? You are such an ignorant. The contract you forced us into says arbitration. It's Morici that will bring you in court and win.

Don't worry -  i will be there with kilograms of popcorns. Yeah, kilograms, you know what a kilogram is, right? It's one thousand grams.


So you confirm this email exchange is legitimate?
I will take it as so.

"Forced?"  Who "forced" you into the ToS?  AFAIK they were entirely voluntary and you were free to agree or disagree to comply with them.

Yes, forced. It's a forced arbitration clause.

Do you want to talk about the fact that you are denying the very existence of the early versions of your contract?
Or do you prefer to talk about the 3 days or so where your Terms of Sales were offline when you opened sales again for your new fantastic EVO?

And since that you keep removing the link (what a poor tactic); you can read this full thread by replacing "bitcointalk.org" with "bitcointa.lk" on this URL.

4) Are terms of sale binding at the time of sale?  Or can you guys retroactively change them?
They recently added a new term to the ToS, if i understood it correctly they can change them retroactively now.


Dear HashFast_CL,

Do you really believe that you are gonna get yourself out of your LIES with such a poor misunderstanding of what the Bitcoin community believes in?
Here is a screenshoot of my Skype conversation with your marketing director and executive John S.
Please read "we only care about our losses, that are not measured in USD".
It was first posted in this board back in October, when no-on would have expected the price to rise as it did.
Moreover, you promised BTC refunds. If you didn't intended to, you shouldn't have LIED to us.

Conversation: https://i.imgur.com/XLQIa1g.png

Also quoting this post as another reference to prove the relation between HashFast (the company) and HashFast_CL:

You already admitted to receiving and returning a check for 105% of the purchase price.
If you really think a court is actually going to give you a $60,000 pony named Windfall, get a lawyer.
But you know that's absurd, which is why you've not done so.

(don't worry HF_CL, this is not the first time that you fall for things like this, and i've already saved all of the others).
Posted from Bitcointa.lk - #Ya5WqGbjXgkbYciD
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